other material
confidence high
sentiment neutral
materiality 0.60
Osprey Bitcoin Trust considering redemption program for unitholders; no new sales
Osprey Bitcoin Trust
- Trust has not accepted new purchases for over one year and has no present intention to reopen sales.
- Considering a redemption program, likely limited periodic redemptions but open-ended not ruled out.
- Working with legal counsel to implement the redemption program; updates to follow.
- CEO Gregory King published the update in a letter to unitholders on January 13, 2023.